FRP adds Marc McDermott to corporate finance team in Newcastle

Marc McDermott has joined the corporate finance team of FRP Advisory. Based in Newcastle, he take on the role of partner, as the consultancy looks to strengthen its offering across the North East.

Abu Ali, partner at FRP Corporate Finance, commented, “Marc brings direct experience of being in the shoes of the lenders we work with and the management teams we support – something that I know his clients will deeply value. This marks an exciting expansion of our new North East team, and it’s a pleasure to welcome someone of his experience and calibre just a few shorts months after becoming part of FRP.”

With more than 800 employees, including 108 partners, FRP Advisory is one of the UK’s largest independent business advisory firms specialising in corporate restructuring, corporate finance, forensic services, financial advisory and debt advisory. It has a strong reputation and track record for creating, preserving, and recovering value across a range of complex situations. It operates across a network of 33 locations in England, Scotland, Wales, Northern Ireland, Cyprus and the Isle of Man.

FRP’s footprint in the North East has been going from strength to strength recently. In late 2024, the company established a dedicated corporate finance team in Newcastle, with the acquisition of WilliamsAli Corporate Finance. The strategic move significantly enhanced the firm’s corporate finance capabilities in the region, and complemented its already strong local restructuring advisory practice.

Now, McDermott will work closely with partners Ali and Phil Williams, to support clients across the UK looking to finance their strategic growth plans, with a focus on mid-market M&A and debt advisory. As a director in the Newcastle office, he brings more than 25 years of financial services experience to the role.

McDermott began his career at EY in Newcastle, before entering corporate banking with Bank of Scotland in 2002. Following a period at the Bank of England, where he helped deliver regional economic intelligence to support policymaking, he joined Royal Bank of Scotland, rising to become the bank’s regional director for the North East. He subsequently spent five years as the group CFO of global engineering group British Engines.

McDermott said of his new role, “This is an incredibly exciting time to be joining the business, given FRP’s own growth trajectory and current market conditions, which make access to sound strategic advice even more important for all parties involved in corporate transactions and funding. I was particularly impressed by the scale of FRP’s national network and the breadth of its service offering. Alongside core corporate finance solutions, this enables us to deliver a comprehensive, seamless, end-to-end service to clients; something I valued in my time on the other side of the table in both banking and industry roles.”